ANNOUNCEMENT 10 Oct 2016

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 34.8 million loan to Centro de Pesquisa e Desenvolvimento em Telecomunicações, established by Telebrás.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Projetos contratados e valores liberados. Retrieved on 02/05/2018. Available at: http://finep.gov.br/acesso-a-informacao-externo/transparencia/projetos-contratados-e-valores-liberados

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Financiamento Reembolsável. Available at: http://finep.gov.br/component/content/article/120-apoio-e-financiamento/tipos-de-apoio/financiamento-reembolsavel/42-financiamento-reembolsavel

Inception date: 10 Oct 2016 | Removal date: 10 Oct 2019

State loan

On 10 October 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 34.8 million (circa USD 11 million) loan allocated to the local IT and telecommunications company Fundação CPqD Centro de Pesquisa e Desenvolvimento em Telecomunicações. The objective of these resources is to finance the development of an open platform of technologies related to the internet of things and their applications.

The repayment deadline for the credit has been set up on 10 October 2020.

 
FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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